Daily Market Update

by REP14 Jan 2015
Halifax brokerage to accept mobile payments
Starting in February, Royal LePage Atlantic will be one of several Halifax-area brokerages that will allow homebuyers to pay their deposits via mobile devices. The new service is being offered by a startup called ExactDeposit. If the test run goes smoothly, it’s expected to be rolled out in brokerages across the country in the spring. Read the full story.

Oil prices to impact real estate
Toronto is expected to lead the pack when it comes to price increases this year, with the realtor saying the average home price in Canada's largest city is forecast to rise by 4.5 per cent, although that would be well beyond last year's pace. Read the full story here.

Is Alberta heading for recession in 2015?
Todd Hirsch, the chief economist with ATB Financial, told small business owners in downtown Calgary that he expects a soft year not a recession. He expects the economy will still grow by two per cent. The Conference Board of Canada expects a contraction in 2015 because the plunging price of oil is impacting all areas of the economy from corporate investment and hiring to consumer spending. Read the full story here.

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